What's New in Workforce Investment?

The Employment and Training Administration (ETA) has reserved a portion of the Workforce Innovation Fund to invest in projects piloting a Pay for Success (PFS) financing model. Join us for this National Listening Session, where we will share information about our goals for the pilot project, and invite you to share your thoughts about the model and how it can be used to address workforce development challenges. State and local government leaders, Intergovernmental Organizations (IGOs), potential intermediary organizations, philanthropic, private sector, and other social investors, and other entities familiar with or interested in the Pay for Success model are invited to attend.

Pay for Success is a new way of financing social services by helping Governments target the limited dollars available for social programs that achieve positive, measurable impacts. The model is being tested in the United Kingdom and Australia, and ETA will be one of the first Federal agencies to provide funding for state, local, and tribal governments to test the model in the United States. ETA anticipates releasing a Solicitation for Grant Applications this spring that will make available approximately $20 million in Workforce Innovation Fund grants for Pay for Success Pilots.

If you are curious about Pay for Success (PFS), please join us for this national listening session, where you will have an opportunity to:

Learn about the PFS model and ETA’s goals for testing the model;

Discuss potential workforce development problems and target populations that are well suited to the model;

Share your thoughts on how the Federal government can best help the workforce system and interested partners to learn about and use the PFS model.